With the uncertainty of U.S. presidential elections out of the way, investors are beginning to once again see the euro as the laggard of the currency world, even as the U.S. girds itself for what promises to be a drawn-out battle over raising its debt ceiling.
Market players see Mr. Obama's election to a second term as a signal that there will be no changes to the Federal Reserve's program of jolting the U.S. economy through $40 billion in monthly cash injections, a program that--at least in theory--should keep rates low and the dollar weak. ..............................................Full Article: Source